Aussie Posts Record Result For FY16 And Opens 200th Store

Wednesday, 10 August 2016

Australia’s leading mortgage broker, Aussie Home Loans, has posted record results for the 2015-2016 financial year, with $22 billion worth of loans settled during the period.

The announcement of the record results, which includes over $3.5 billion by Aussie’s wholesale mortgage aggregator nMB, coincides with Aussie opening its 200th store in Sydney’s Balmain.

Chief Executive of Aussie, Mr James Symond, said “There is ongoing momentum in the home loan market as interest rates continue to fall, with June being the biggest month in our 24-year history.

“Our retail channel continues to be a standout performer and it is poignant that our landmark 200th store is owned and operated by one of our longest standing and most successful mortgage brokers, Lindsay Rogers,” he added.

Aussie Balmain is Lindsay’s second Aussie franchise and one of 25 Aussie stores opened during FY16. After working as a mobile broker and a sales manager with Aussie over almost two decades, Lindsay opened Aussie Newtown with his son Matthew in 2012. The father and son duo have now expanded their partnership, opening Aussie Balmain with one of their experienced Newtown mortgage brokers, David Leotta.

In FY16 Aussie also grew its total broker numbers to 1,450 in FY16, prompting it to exceed its FY15 performance by 10 per cent.

Mr Symond said “Despite some headwinds in overseas markets and a more subdued property market in Australia, we have hit the ground running in the new financial year and expect to post another record result this financial year.

“We’re also continuing to invest heavily in the Aussie brand with a new campaign to be rolled out for Spring, so watch this space,” he said.

Aussie is currently recruiting for mortgage brokers and franchisees across Australia. For more information about business opportunities with Aussie, visit aussie.com.au/careers.